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Author Topic: [FOR MERIT] when was the word "halvening" created.  (Read 533 times)
Jet Cash (OP)
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January 25, 2019, 09:32:59 AM
 #1

We all know that Bitcoiners seem to like to create their own words to describe events and actions. The famous one is "hodl", and we know that came from a drunken post in this forum. I've noticed another one that is in common use - it is "halvening". It seems to be used as an alternative to "halving", and relates to the block creation reward. I'll give some merits to the best posts that explain the origin of the word, and show the first uses in public forums.


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January 25, 2019, 10:22:42 AM
Merited by Jet Cash (5), qwk (4), NeuroticFish (3), pooya87 (1)
 #2

I managed to find a post dating back to 2012 that mentions 'halvening' on BT. https://bitcointalk.org/index.php?topic=128228.0

Regarding the term, someone suggested that it is a term associated with the altcoin Dogecoin:
https://www.reddit.com/r/Bitcoin/comments/3o89yz/the_halvening/cvv1vza/

Dogecoin talks about 'halvening' in 2014.
http://www.dogedoor.net/halvening/

Couldn't find who created the term and where it was first used, but could be an interesting investigation  Grin

Some other BT threads about halvening from 2015-2016
https://bitcointalk.org/index.php?topic=1205386.0
https://bitcointalk.org/index.php?topic=1290879.0
https://bitcointalk.org/index.php?topic=1445247.0

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January 25, 2019, 10:47:49 AM
Merited by suchmoon (4)
 #3

Maybe this one :
August 11, 2012, 09:03:42 PM
On the other hand, lower prices are increasing the yield: at current price YABMC is paying >3% weekly.
At that rate, getting back the whole capital invested as dividends in a few months, before the halvening, while ASICS are still a pie in the sky, does not seems so unlikely to me.

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January 25, 2019, 11:44:42 AM
Last edit: January 26, 2019, 02:10:06 PM by qwk
Merited by suchmoon (4), Jet Cash (2), LFC_Bitcoin (1), Pmalek (1)
 #4

I was unable to find a reliable source for the first use of the word "halvENing".
It seems though, that many early records of the use of the word in this form have been pre-dated, altered or mangled.

As far as I recall from memory, the word "halvENing" did not become popular before the so-called Fappening, which happened in August 2015.

Another argument to be considered is the registration date of the domain thehalvening.com, which appears to have happened 2015-11-05, so it's probably safe to assume that use of the word was not widespread or common before that date.

The earliest use of the "primitive" term "halving" in relation to Bitcoin seems to be mineforeman's headline Halving day is almost upon us!, therefore it's safe to conclude that use of the term "halvENing" could not have been common any time before the end of 2012, and probably for quite some time after.

My best guess:
"Halving" became common sometime at the end of 2012.
"HalvENing" may have happened as a typo here and there, but did not appear as a new "word" by itself before September 2015.
edit: HalvENing has been in use by the Dogecoin-community beginning early 2014; see below.

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January 26, 2019, 09:22:10 AM
Merited by Jet Cash (2)
 #5

@qwk It is interesting that it didn't become 'halfing'! One half and another half makes tho halves in English, why not halfs. So it could have easily become 'halfing' since someone not that knowledgeable with the language could have easily made that mistake.   

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January 26, 2019, 09:58:31 AM
 #6

"Halving" bear the defination of two equal parts. Origin of halving is "halve". Its a measurement word which actually
Uses for divide something in two equal parts.

IMO its generated from the words half which bear kinda same meaning.

half > halve>halving


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January 26, 2019, 01:32:12 PM
 #7

And Halfling would have probably made a better case in point. Cool
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January 26, 2019, 01:41:18 PM
 #8

Dogecoin talks about 'halvening' in 2014.

Yep, indeed they did. I can certify that Smiley
And for the good skills and patience in research I'll also give you some merit.

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January 26, 2019, 02:02:33 PM
 #9

Dogecoin talks about 'halvening' in 2014.
Yep, indeed they did. I can certify that Smiley
Seems you're right.
A quick google found
I've heard the payout is random and the maximum is 1M Doge. So the average payout for the first 100,000 blocks is 0.5M Doge/block. So after the first halvening 50B Doge are in exisitance.
on January 30, 2014.
I guess stackexchange postings are likely to be correctly dated.

It also makes sense considering the wordplay & meme culture around Doge.
I consider a play of words with the "it's happening" Ron Paul meme a possible explanation.

edit: Archive.org has a snapshot from February 11, 2014 for the site mentioned by Pmalek, which confirms the existence of the Ron Paul meme by then.
https://web.archive.org/web/20140211010455/http://www.dogedoor.net/halvening/

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January 26, 2019, 03:32:42 PM
 #10

Impossible to know and I'm sure someone used it in real life talking instead of typing it on a forum.  I still don't see the word that often, lot of people just say block reward reduction or something similar.   
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January 27, 2019, 05:29:27 AM
 #11

Impossible to know and I'm sure someone used it in real life talking instead of typing it on a forum.  I still don't see the word that often, lot of people just say block reward reduction or something similar.   

Yeah, it might be, I also tried my best to find its origin, history, where did it come from, and others. But all I can find was halvening that happened back then. Can't really find who made that slang word...

This is quite infamous don't you think?
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January 27, 2019, 06:13:58 AM
Last edit: January 27, 2019, 06:26:03 AM by manishanand
 #12

hello
This word means half in block rewards of any coin . I  found a site with this host http://www.thehalvening.com/
This site was started on 2015.
here is another topic https://www.reddit.com/r/dogecoin/comments/246nxw/what_happened_after_the_first_halvening/
one more - https://www.facebook.com/OfficialDogecoin/posts/halvening-3-eta-10-days/849646295063647/
Both were used on 2014.


If i find more I will add It
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January 27, 2019, 06:40:15 AM
 #13

This is quite infamous don't you think?
Yeah to me it is,neither do I feel it has become a "catch phrase" on the forum such as the others like hold,fomo etc
And you can see that all records of it dates back to previous years,it hasn't really been used on the forum that much as I've personally not come across it, probably on one or two posts to just signify "half" of something I think
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January 27, 2019, 07:36:20 AM
 #14

It is really very interesting question. I thought that satoshi should tell about the block rewards in the White paper, but there is no mention of it in the whitepaper. Satoshi left the forum much before the halvening  take place.

I like to use the LoyceV AI capabilities to find the answer of this question.

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January 27, 2019, 09:45:58 PM
 #15

Halvening  is a word used several time on bitcointalk, cannot get to find the first time it was used, according to https://www.merriam-webster.com/dictionary/halve,  It is to divide  something into equal halve,
I observe the following sections where HALVENING was use
https://bitcointalk.org/index.php?topic=1219373.0
https://bitcointalk.org/index.php?topic=1530852.0
https://bitcointalk.org/index.php?topic=1501384.0

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January 27, 2019, 09:49:20 PM
 #16

I like to use the LoyceV AI capabilities to find the answer of this question.

I already asked the AI reagrding this, but it seems the origin of this word is still unknown even with the power of AI. The fact that even the AI doesn't know about this, then I assume that this is much harder to find than a lost dog several days ago Tongue

I saw the thread, I don't know Tongue Never used the word, I know the "Flippening" from those Eth guys, but they're awefully quiet lately.
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January 28, 2019, 12:21:23 AM
 #17

The first forum user who use the word halvening in bitcointalk forum is conspirosphere.tk which conspirosphere.tk use halvening in his/her post (Post Link) on august 11 way back in 2012 until an event in which
Block 210000 was found and broadcast on 2012-11-28 at 15:24:38 UTC
in which happened on december 28, 2012 in which the block reward is divided into half or halvening (which is used until it is commonly used now).
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February 13, 2019, 05:42:35 PM
Last edit: February 13, 2019, 06:28:36 PM by SergioW
 #18

I’ve just googled over the web and found a definition that is quite comprehensive for me as a newbie.

So, according to Expressvpn and their glossary, halvening comprises two words "halving" and "happening".
 
https://www.expressvpn.com/internet-privacy/bitcoin-glossary/


Quote
Every 210,000 blocks, the block reward is halved. Starting from 50 BTC per block in 2009, it currently stands at only 12.5 BTC, after two halvings. Eventually, the block reward will go to zero, after 33 halvings. Also called a “halvening” (halving & happening), this event is popularly celebrated, similar to a New Year’s Day of Bitcoin.


As to the first uses of halving, my investigation brought me back to bitcointalk threads but from outside site, i.e. altcoin wikia http://altcoin.wikia.com/wiki/Coiledcoin that referred to our bitcointalk member thread https://bitcointalk.org/index.php?topic=56675.0
and it dates back to January 05, 2012  Cool
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February 13, 2019, 08:25:45 PM
 #19

Dogecoin talks about 'halvening' in 2014.

Yep, indeed they did. I can certify that Smiley
And for the good skills and patience in research I'll also give you some merit.

I was right there on IRC, tho i didn't pay much attention why they called it halvening instead of halving, but whatever, it was "party time!".

I did learn at that time that it meant miners would get half for finding a block... Dogecoin exhausted all its "halvenings" rather quickly and almost nobody was mining it anymore anyway...

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February 13, 2019, 11:50:00 PM
 #20

As to the first uses of halving, my investigation brought me back to bitcointalk threads but from outside site, i.e. altcoin wikia http://altcoin.wikia.com/wiki/Coiledcoin that referred to our bitcointalk member thread https://bitcointalk.org/index.php?topic=56675.0
and it dates back to January 05, 2012  Cool

I searched both of those and found no use of the word "halvening". Are your links correct?

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